MILBERT, TREWEN ROAD, BUDOCK WATER, FALMOUTH, TR11 5EB - £349,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

MILBERT is a very small extended detached house of 82m², built sometime between 1950 and 1966, which could now be worth an estimated £433,798. It was last sold for £349,000 in July 2020, which was around 1% below the average July 2020 detached price in the Cornwall local authority area. The most recent EPC inspection was May 2011, where the current energy rating was F, and the potential energy rating was D.

MILBERT Sold Prices

Land registry data shows two sales for MILBERT since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Cornwall local authority area for the corresponding sale date. Both of the two MILBERT sales were for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2020 6 JUL	£349,000	£351,762	1% below HPI
2011 12 AUG	£230,000	£275,174	16% below HPI

MILBERT Price Paid vs. HPI Average

The below graph shows the average detached house price in the Cornwall local authority area over time, sourced from the HPI. The two MILBERT sales from August 2011 and July 2020 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the August 2011 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the July 2020 sale, where it rises to 1% below the HPI. The line then continues to track at 1% below the HPI.

What might MILBERT be worth now?

MILBERT might now be worth an estimated £433,798.

This is based on house price inflation of 24.3%, between July 2020 and February 2025, for detached houses, in the Cornwall local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 24.3% inflationary increase is applied to the most recent sale price for MILBERT of £349,000 on 6th July 2020. For the value to have increased from £349,000 to £433,798 over the five years and five months to February 2025, the following assumptions must hold true:

• The value of MILBERT has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The July 2020 sale price of £349,000 represented a fair market value for the property.
• The size, condition, and specification of MILBERT has not materially changed since July 2020.

How Large is MILBERT?

MILBERT is 82m², which includes one extension, according to the EPC inspection conducted in May 2011. This puts it in the smallest 20% of detached houses houses in Budock Water, based on EPC data. The below chart shows the distribution of detached houses houses by size in Budock Water, and where MILBERT lies on this distribution: 17% of detached houses houses are smaller than MILBERT, and 83% of houses are larger. Note that EPC data is not available for all properties in Budock Water.

MILBERT: Plot and Title Map

MILBERT sits on a plot of roughly 0.143 of an acre, or 578m². The below map shows the location of MILBERT, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of MILBERT). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is MILBERT?

MILBERT is located on TREWEN ROAD in BUDOCK WATER, in the TR11 postcode district. The below map shows the position of MILBERT on TREWEN ROAD.